Shocking Truth: 99% of Polygon (POL) Holders Are Crying in Their Crypto Cornflakes! 😱

by

Ah, dear holders of Polygon (POL), your enthusiasm for the ecosystem developments must be akin to a cat’s excitement for a bath—nonexistent! The token’s performance has been a veritable rollercoaster, but alas, it seems the only thing plummeting faster than your hopes is the POL price itself. In the last thirty days, volatility has danced a macabre waltz, leading a staggering 99% of ecosystem addresses to wallow in the depths of despair.

Polygon’s Selling Pressure: A Comedy of Errors

In a recent update, the oracle known as IntoTheBlock revealed that Polygon is not the sole tragic figure in this crypto drama. Several other altcoins—Optimism, Toncoin, Aero, and Worldcoin—are also caught in this swirling vortex of misfortune. These poor assets have left their holders clutching their wallets, staring at losses that would make even the most stoic investor weep.

Indeed, the current market price of these tokens is a cruel joke, significantly lower than the lofty heights at which most investors initially leaped. Those who dared to commit their funds to POL last year have been treated to an 82.38% loss over the past 365 days. A decline so sharp it could slice through the very fabric of reality, leaving investors gasping for breath amidst POL’s price action.

Altcoin holders are feeling the squeeze, with some tokens hovering near 100% of holders in the red🔴

Nonetheless, analyzing on-chain data can be key, as strong on-chain usage metrics may signal that fundamentals remain sound, pointing to potential undervaluation.

— IntoTheBlock (@intotheblock) March 13, 2025

Even the brave souls who embraced the token in early 2025 have not escaped unscathed, as POL has plummeted by 31.95% in the last thirty days. This bearish pressure, coupled with ominous predictions of further declines, has sent shivers down the spines of market participants, who are now clutching their crystal balls in fear.

Analysts, those ever-optimistic seers, suggest that liquidity outflows and relentless selling pressure may be the culprits behind Polygon’s woes. Reports of large holders unloading their POL like it’s a hot potato have surfaced, with a staggering $181,500 worth of POL sold in just the last three hours. Talk about adding fuel to the fire!

POL’s Transition from MATIC: A Tragic Misstep

Experts, with their sage wisdom, claim that Polygon may find it challenging to escape the red zone, given the fierce competition lurking in the broader crypto landscape. Other layer-2 scaling solutions, such as Base and Arbitrum, have emerged as formidable rivals, siphoning attention and funds away from our beleaguered Polygon.

Some critics argue that Polygon’s transition from MATIC to POL has been a grand misadventure. The switch was intended to breathe new life into the ecosystem, yet POL’s price outlook remains as dreary as a rainy day in London, leaving long-term holders feeling like they’ve been left out in the cold.

As of this writing, POL’s price is languishing at $0.2176, down by 2.04% in the last 24 hours, according to CoinMarketCap. A fitting end to this tragicomedy, wouldn’t you say?

Read More

2025-03-13 18:12